Teaneck, N.J.-based Holy Name Medical Center partnered with Medpricer, a cost management platform, to help improve captured savings.
The partnership allows Holy Name to use Medpricer's cost management platform, which increases visibility and control throughout service purchasing projects to improve savings.
"In an environment where operating margins are under pressure from reduced reimbursements, proactive healthcare systems are looking at ways to achieve increased savings through better cost control and management," Chris Gormley, CEO of Medpricer, said. "We are pleased that our work helping Holy Name maximize their purchased services approach has generated quick, tangible results. We are confident that our process, network, expertise and the accuracy of our benchmark data will continue to deliver significant savings and a higher quality of service."